| Car Chase Ends in Crash on Clifford
A car chase in the city early Monday morning, ended with a vehicle crashing into a two family home on Clifford Avenue. Rochester police say a car traveling north on Alexander Street around 3 a.m. ran a red light, and nearly struck a police cruiser. By the time the officer caught up with the vehicle, it nearly struck another police car. The chase ended on Rohr Street and Clifford Avenue, when the car struck a house. Two people in the vehicle were taken to the hospital. A third is in custody. Charges are pending against all three. No one inside the home was injured. The building is being checked to see if it is structurally sound. cc/yc City of Rochester
Email this Story to a Friend Print Friendly Version .
Business Briefing
Jerry Boehm has been appointed vice president and manager of First Independent Bank's new community banking department. The department focuses on small business clients with lending needs of up to $2 million. Christie Rust has been promoted to director of sales and marketing for the Hilton Vancouver Washington. Rust, a certified meeting planner, will lead a team of five sales managers and has been part of the Hilton chain for 12 years. Diana Fitzpatrick has been appointed vice president and cash management officer for Riverview Community Bank. Fitzpatrick will team with commercial banking professionals, branch managers and asset management to help make customers more aware of the bank's cash management solutions. Jill Homme has been appointed chairwoman of the Board for Educational Opportunities for Children and Families.
Appraisals Can Be Good Experience
Giving employees annual performance reviews or appraisals can be one of a small business owner's most dreaded tasks. Doing them more often and going into the process with a positive rather than punitive attitude can make a review much less of an ordeal. .
Franklin Bank shares fall after credit loss plan unveiled
Shares of Franklin Bank Corp. dipped sharply Monday in response to the company's decision to increase its allowance for potential credit losses by $20 million, or $13.5 million after-tax. In heavy volume, Franklin shares closed down more than 22 percent, or $1.27, to $4.29 after reaching a new 52-week low of $4 earlier in the session. After conducting a review of its loan portfolio, Houston-based Franklin (NASDAQ: FBTX) said the decision should remove "the perceived risk" to the company from its builder finance and mortgage portfolios. The bank estimates credit costs or losses to range between $5 million and $7.5 million in 2008. The allowance for credit losses will increase to 0.91 percent of Franklin's total loan portfolio from 0.42 percent.
|
